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Solana rises 12% in a month, eyeing $120 rally after breaking key resistance at $78.

Technical Signals
24 Jul 2026
Blockonomi
View Source
Bullish
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Solana (SOL) has gained 12% over the past month, trading near $77 with strong ETF inflows and a 400% surge in inactive wallet activity on its decentralized exchanges. Technical indicators show bullish momentum, with a critical resistance at $78; surpassing $97.89 could trigger a rally toward $120–$130. Despite some recent outflows, monthly ETF inflows remain robust, and stablecoin reserves on Solana have hit a record $17 billion. Analysts see $75 as key support and expect acceleration if key resistance levels are broken, though broader market conditions like Fed rate hikes may limit short-term gains.

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